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![Beneficiaries not Taxable for Fund invested by Trust in Swiss Bank: ITAT [Read Order] Beneficiaries not Taxable for Fund invested by Trust in Swiss Bank: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Black-Money-Tax-Scan.jpg)
Beneficiaries not Taxable for Fund invested by Trust in Swiss Bank: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the beneficiaries of an Indian Trust cannot be taxed for the fund invested...